A public blockchain optimized for Aragon

FAQs

Have questions? We have answers.

What is ANT?

ANT was initially created and distributed as a result of a public token sale that took place on May 17, 2017 - starting at Ethereum block 3,723,000. Less than 100 blocks later, 275,000 ETH worth of ANT were sold. Added together with ANT sold in the pre-sale, ANT granted to the Aragon Foundation/Association, and ANT granted to founders and early contributors, the total initial supply of ANT after the token sale is 39,609,523.80952380954 ANT.

ANT is the native governance asset of the Aragon Network. Holders use it to govern network parameters and upgrades. It also backs connected assets used in-network services like ANJ, which is used to participate in Aragon Court, a dispute resolution protocol for DAOs, and the upcoming ARA token, which will be used to stake and validate Aragon Chain, a high-throughput Cosmos zone meant serve DAOs with lower-risk transactions.

What makes ANT valuable?

ANT serves a few purposes in the Aragon Network:

ANT as a governance asset, with planned future economics to reinforce its store-of-value status within the Aragon jurisdiction.

ANT staked as collateral to mint ANJ along a bonding curve: ANJ is a capital asset that jurors need to stake to work for the court system.

ANT staked as collateral to mint ARA along a bonding curve:ARA is a capital asset that validators need to stake to validate Aragon Chain, a high-throughput Cosmos zone meant to offload lower-risk transactions.

Why use bonding curves?

The Aragon Network uses bonding curves to aggregate the value of various cryptoeconomic protocols developed by the Aragon Network into ANT while ensuring that the underlying dynamics of each protocol are sufficiently isolated from ANT to ensure that they can operate effectively.